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Learn moreAustralia: First annual R&D tax incentive transparency report
Information on R&D expenditure incurred by 11,545 companies in the 2021-22 income year
The Australian Taxation Office (ATO) on October 3, 2024, issued its first annual research and development (R&D) tax incentive transparency report, providing insights on the $11.2 billion* in total R&D expenditure incurred by 11,545 companies in the 2021-22 income year and $4.9 billion in R&D expenditure claimed under the R&D tax incentive.
The report was accompanied by the release of a large raw data set with the names (including ABNs and ACNs) of the relevant companies.
*$=Australian dollar
For more information, contact a KPMG professional in Australia:
Mukul Relan | mrelan@kpmg.com.au
Marko Trifunovski | mtrifunovski@kpmg.com.au
Georgia King-Siem | gkingsiem@kpmg.com.au
Laurens Visscher | lvisscher1@kpmg.com.au
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.